Business
Israel partners with Singapore's giant ST Engineering in smart mobility, security
By Itzhak Rabihiya
The Innovation Authority will connect ST Engineering to Israeli mobility, security, and smart environment companies, as part of the Singapore Israel Industrial Research and Development Foundation The Israel Innovation Authority announced today (25.6.2019) their partnership with ST Engineering, a global technology and engineering group ranked among the largest companies on the Singapore Exchange, to connect ST Engineering with groundbreaking Israeli start-ups and innovations in the fields of Smart Mobility (Intelligent Transportation Systems and Autonomous Buses), Smart Security, and Smart Environment. The partnership is part of the Innovation Authority's Research and Development (R&D) Collaboration with Multinational Corporations (MNC) program. The R&D Collaboration with MNCs program offers a unique framework for technological cooperation between MNCs and innovative Israeli companies. As part of the agreement, the Israel Innovation Authority will support ST Engineering in identifying technological developments and scouting Israeli companies that fall within its sphere of activity. To support further development of specific technologies, the Israel Innovation Authority will provide funding for the Israeli startups, while ST Engineering will support the startups’ R&D, testbed, marketing, and other global activities. The partnership announcement and program launch took place at the Israel Innovation Authority offices in “R&D collaboration with the government of “The Innovation Authority is pleased to announce the first MNC Collaboration agreement with a Singapore-based engineering and technology group, ST Engineering. This agreement is an addition to the well-known SIIRD Foundation (Singapore Israel Industrial Research and Development) between the Israel Innovation Authority and Photo Credit:
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